uk service sector PMI drops to 57.0, .7 lower than expected and the lowest since sept 06. any ideas if this will wake up cable before the NFP data.

Cable Update (GBPUSD)

I have similar hopes to. looking to go short at .0409, which i expect to be top of current uptrend. happy trading

Daily Cable Analysis

Hi which time frame and from when, still learning charts, if poss could you please post your chart. many thanks

Aussie Pairs

just to add the last candle finished as a marubozu, very bearish now.

Aussie Pairs

image looked at my charts 30min looks like a shooting star 18:00hrs, if anyone can advise me on this as I am still learning charts. thats said waiting for the next candle to close lower and then going short. happy trading

Aussie Pairs

bottom corner of post hit button marked quote, done. if i understand the process correct and i am sure jacko will correct me, having moved only 20 pips lower you would not have had the 50pip clear to reset the trade. it should drop to 1.3600. then ...

Jacko's Forex House of Pleasure and Pain

hi I have a 23.6% fib at .0409, I was looking to go short there. i know this is only a few pips but sometimes it makes all the difference. would you mind sharing the reason behind the .0405. many thanks

Cable Update (GBPUSD)

I agree, not sure about timeframe but it is gaining about 100 pips higher each month, by my trend line. so Oct/Nov I see .8800 too. still expect a drop to the lower channel area first.

Aussie Pairs

I think your 50% fib will be the point to watch, it represents a stronger position in the market at the moment. happy trading.

Aussie Pairs

image this is my view, we have dropped back into the previous up channel, it will make a top of .8585 and then work lower to the bottm of the channel around .82++ The 50% fib is whats holding the drop up at this time. well see in time

Aussie Pairs

.8585 is the top of the previous channel, just abouve that is the 23.6% fib from the high. I think it will bounce from there and resume it's old longer term up channel between .8585 and .82++ I have been wrong before.

Aussie Pairs

Brisbane AUS 08:40

Daily GBP/JPY analysis

my SL is .0260, so it should have taken me out. it has every other day. there's hope for you yet.

Cable Update (GBPUSD)

This of dailyfx might be of use, I don't trade UJ yet 20:47 USD/JPY: Rallies Seen Capped Ahead of 119.00 in Tokyo San Francisco, Jul 31. Traders expect USD/JPY to be capped ahead of 119.00 in Tokyo tonight. Forecasts for the top of tonight"s range ...

Cable Update (GBPUSD)

I've got a 23.6% fib at 2.0409 from the high, thats my point for a short back to 2.0260 38.2%fib looks like 2.0400 nice round number so might be a good point to watch.

Cable Update (GBPUSD)

trading mini and only 1 lot, adding AUd pairs to my list, so start out low and increase lots as i get to grips with pairs. this will let me know if my channel is correct. thanks for the warning

Aussie Pairs

short AUD/USD .8600 50pip SL target .8450 (target under review may make .8300) gotta trust my charts at some point.

Aussie Pairs

hi mine was a question not a recommendation. Is your trade based on your understanding of the practice jacko applies? I also went long at 1.3700

Jacko's Forex House of Pleasure and Pain

thought I would post this chart monthly looks to close nicely inside a new uptrend channel but should be a good place to short. image still learning so may have it all wrong.

Aussie Pairs

Hi Ian If I understand that correct 1.3700 would be a good point to go long in the current short term down trend, it's been to 1.3730 and is now back to 1.3700 = 30pips and round number with a 50pip SL regards Jason

Jacko's Forex House of Pleasure and Pain